Britain’s businesses are building up more cash and trimming debts as they cash in on the current surge in shopping – but also prepare to cope with any slowdown in the economy next year.
Firms typically borrow more when they are confident enough to invest, and build up cash when they are nervous, indicating they want to be in a position of financial strength going into 2017.
Figures from the Bank of England show non-financial companies’ deposits rose to 428.5bn in October, the highest level in the seven years for which data are available.
This post was published at The Telegraph
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